Release date: 12 November 2013
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
Loan to complement a risk-sharing fund that is endowed with ERDF moneys from the 'Technology Fund 2007-2013' and that has been created for the financing of companies of innovation and techonology related sectors in Spain.
Objectives
The proposed EIB loan for SMEs aims to enhance the Bank’s support to the economic development of small-sized companies mainly in less-favoured regions. The loan is expected to support projects undertaken by SMEs and Mid-Caps operating in innovative and technology related sectors. It may contribute to increasing the productivity of the final beneficiaries as well as to creating high-quality jobs. It is foreseen that around 70% of the funds will be located in convergence, phasing-out and phasing-in regions of Spain.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 6/02/2014
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).